Banque de Luxembourg S.A. Buys Shares of 49,015 The Kraft Heinz Company (NASDAQ:KHC)

Banque de Luxembourg S.A. bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 49,015 shares of the company's stock, valued at approximately $1,511,000. Kraft Heinz comprises 0.8% of Banque de Luxembourg S.A.'s portfolio, making the stock its 22nd largest position.

Other hedge funds also recently bought and sold shares of the company. Brookstone Capital Management increased its holdings in shares of Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock worth $10,530,000 after purchasing an additional 238,913 shares during the period. Headlands Technologies LLC acquired a new stake in Kraft Heinz during the fourth quarter worth about $2,048,000. Nordea Investment Management AB increased its stake in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the period. FLC Capital Advisors raised its holdings in Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock valued at $573,000 after acquiring an additional 10,214 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Kraft Heinz by 511.7% in the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after acquiring an additional 35,725 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Piper Sandler dropped their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, Morgan Stanley initiated coverage on Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $30.63.

Kraft Heinz Price Performance

Shares of KHC stock traded down $0.17 during trading hours on Wednesday, hitting $28.23. 8,766,274 shares of the company's stock were exchanged, compared to its average volume of 9,118,032. The stock's 50-day moving average is $29.78 and its 200-day moving average is $30.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $36.70. The stock has a market cap of $33.41 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter last year, the company posted $0.69 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.67%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is 73.06%.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.